Trade idea: AUD JPY long AUD/JPYOANDA:AUDJPYjohnelfedforexblogIt's a 'risk on' trade, with the VIX back below 20, stocks in a reasonably positive mood and china stimulus chatter alongside reasonably positive Chinese data. Also, in Japan LDP coalition has strengthened the NEKKIE. All things being equal, the chart 'should' have enough momentum to at least return to recent highs. The risk to the trade is negative market sentiment or if USD JPY goes down giving strength to the JPY. Meaning the USD would have been a better short option.